News

Nifty 50 set to open near record high levels, futures point in early tradeForeign institutions have also turned net buyers in the cash market over the last few trading sessions, covering their record short positions with which they had begun the October series. Before the start of the Mahurat trading session, FII shorts in index futures were down to 82% from 94% with which they began the series.By Hormaz Fatakia   October 23, 2025, 6:53:22 AM IST (Published)2 Min ReadChoose  CNBC TV18 on Google

.gglsvg{margin: 5px 0 0;}

.articleWrap a.gglbtn span, .narticle-data a.gglbtn span, .gglbtn span{color: #fff; opacity:1; font: 700 11px/16px Open Sans; }

.articleWrap a.gglbtn, .narticle-data a.gglbtn,.gglbtn{width: 160px; border:none; text-decoration:none; height: 34px; background: #1767FF; color: #fff; font: 700 11px/16px Open Sans; display: flex; padding:0 8px; border-radius: 4px; justify-content: space-between;align-items:center;}

The GIFT Nifty, an early indicator of how benchmark indices in India are likely to open up for trade, is indicating a significant gap-up for Dalal Street, as trading resumes after the mid-week Diwali holiday and Tuesday's token Mahurat trading session.

As of 6:45 AM, the GIFT Nifty's implied open was indicating a 400-point gap-up start for the Nifty 50 index, which would mean a start close to the record high levels. As of closing for the Mahurat Trading session, the Nifty 50 index was 409 points away from its record high of 26,277, which the index had surged to on September 27, 2024.

There have been positive developments during the two-day gap, which includes US President Donald Trump celebrating Diwali during the White House, and stating that India will reduce purchase of Russian oil. This is in contrast to his previous statements on India completely stopping the purchase of Russian oil.

While India did acknowledge that the two leaders shared a phone call for Diwali greetings, it did not divulge further details about the conversation between the two leaders.

There are also reports of some H-1B visa relief, which brings the IT companies in the spotlight.

Foreign institutions have also turned net buyers in the cash market over the last few trading sessions, covering their record short positions with which they had begun the October series. Before the start of the Mahurat trading session, FII shorts in index futures were down to 82% from 94% with which they began the series.

In a conversation with CNBC-TV18 during the Mahurat Trading session on Tuesday, Atul Suri of Marathon Trends said that he sees the Nifty at 30,000 in the next 12 months and banks will lead this next leg of the upmove.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsGift niftyNifty 50share market today